Indian stock markets fell for a third consecutive day on Sept. 2, 2026, with the Sensex dropping 374 points to close below 23,950 and the Nifty declining roughly 1% amid escalating U.S.-Iran tensions and rising oil prices. IT and auto stocks led declines, with Eicher Motors and Wipro each falling 3%. Foreign institutional investors have withdrawn nearly $60 billion since September 2024, though selective positioning in stocks like HFCL—which surged 214%—showed potential for targeted gains.
Regional markets also weakened under similar pressures. Japan's Nikkei fell 2.85% to 64,325.64 and the Topix dropped 2.4%, snapping a nine-session winning streak. Higher bond yields and recession concerns tied to elevated crude oil prices dampened investor appetite across Asia.
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